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11th Chapter

12th Principles of Banking Chapter 11 Test

Here you can prepare 12th Class Principles of Banking Chapter 11 Non-Negotiable Instruments Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 11 online mcq test with answers for ICom part 2 Principle of Banking Chapter 11 (Non-Negotiable Instruments)

This online test contains MCQs about following topics:

. Banker's letters of credit . Money order . Postal order . I owe you(I.O.U) . Stock certificate

ICOM Part 2 Banking Ch 11 Test
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12th class Principle of Banking chapter 11 online mcq test with answers for ICom part 2 Principle of Banking Chapter 11 (Non-Negotiable Instruments)

Sr. # Questions Answers Choice
1 Which one can be crossed :
  • A. Money order
  • B. Postal order
  • C. Credit card
  • D. All of the above
2 Which of the following gets facility due to commercial letter of credit:
  • A. Home traders
  • B. Exporter
  • C. Importer
  • D. Both exporter and importer
3 What is recieved by the post office on money order:
  • A. Profit
  • B. Interest
  • C. Commision
  • D. All of the above
4 Which letter of credit is issued for a single or particular transaction:
  • A. Fixed
  • B. Revocable
  • C. Red clause
  • D. Green Clause
5 IOU is a document
  • A. Negotiable
  • B. Non-negotiable
  • C. Conditional negotiable
  • D. Unconditional negotiable
6 Which letter of credit is automatically renewed by fulfilling certain conditions
  • A. Fixed
  • B. Documentary
  • C. Confirmed
  • D. Revolving
7 Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
  • A. Documentary letter of credit
  • B. Green-clause letter of credit
  • C. Confirmed letter of credit
  • D. Red-clause letter of credit
8 Where are the stock certificates sold and bought
  • A. At commercial bank
  • B. At central bank
  • C. At post office
  • D. At stock exchange
9 What does IOU mean
  • A. I am a debtor to you
  • B. I am a creditor to you
  • C. Both a and b
  • D. None of these
10 Which of the following is used to finance the people who want to travel abroad
  • A. Traveller's letter of credit
  • B. Traveller's cheque
  • C. Circular note
  • D. All the above

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

A

Ayesha Ayaz

Lahore25 - May - 2023

15/15
01 Mins 54 Sec
H

Hassan Maqsood

Lahore26 - May - 2023

13/15
01 Mins 54 Sec
H

Hassan Maqsood

Lahore26 - May - 2023

10/15
01 Mins 50 Sec
M

Mustafa Naeem

Lahore26 - May - 2023

8/15
10 Mins 18 Sec

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